FinClear partners with Shadforth
FinClear has partnered with Shadforth Financial Group to deliver trading, clearing and settlement services, as well as its TradeCentre front-end technology.
David Ferrall, chief executive of FinClear, said Shadforth was an important addition to FinClear’s client stable.
“It’s great to see a strong, national brand like Shadforth join our community of banks, brokers and advisers,” Ferrall said.
“We’ve grown more than 200 per cent over the [last] 12 months, and this new partnership is really the icing on the cake for what’s been an outstanding 2018-19 financial year for FinClear.”
Gene Phair, head of Shadforth, Tasmania, said the partnership was a result of a rigorous search.
“We were seeking a provider who could not only deliver a fast and efficient broking service, but whose client-first values aligned with our own,” Phair said.
“FinClear demonstrated a clear and thorough understanding of our business, and despite being relative newcomers to the industry, are genuinely focused on delivering a first-class client and adviser experience.”
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
